Treasury Metals …Tripled our position
We tripled our position in Treasury today
it snapped back from a close of .315 yesterday to a new yearly high today of .55
very positive signs
Marc just sold aquiline for 626 million
TORONTO, ONTARIO, Oct 29, 2009 (MARKETWIRE via COMTEX News Network) —
Treasury Metals Inc. (“Treasury Metals” or the “Company”)(TSX: TML) at the request of Market Surveillance, on behalf of the Toronto Stock Exchange, wishes to issue a statement that the Company is not aware of any material undisclosed development that would cause today’s upward movement in the Company’s share price. Treasury Metals recently announced and commenced a 4,500 metre drill program on its 100% owned Goliath Gold Project, located about 20 kilometres east of Dryden, Ontario, Canada. Assay results are pending and will be released in a timely manner along with appropriate exploration updates.
About Treasury Metals
Treasury Metals Inc. is a mineral exploration and development company with a growth-orientated strategy to acquire and develop quality gold assets in the Americas. Treasury Metals’ management team is committed to increasing shareholder value through aggressive exploration and development of its Goliath Gold Project and by pursuing strategic opportunities, including potential acquisitions that meet the Company’s corporate goals of expansion and growth toward becoming a future mid-tier gold producer.
The Company’s flagship project is the 100% owned Goliath Gold Project, an advanced-stage, high-grade gold deposit. The Thunder Lake Gold Deposit contains more than 1.0 million estimated ounces of gold, consisting of 130,000 indicated ounces (820,000 tonnes @ 4.8 g/t Au; Main Zone) and 920,000 inferred ounces (7,000,000 tonnes @ 4.1 g/t Au; All Zones), using a cut-off grade of 2.0 g/t Au (see NI 43-101 report – “Report on the Goliath Project, Kenora Mining Division, Northwestern Ontario, Canada” dated December 19, 2008 – filed on SEDAR). Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. Drilling of the TLGD to date has intersected the Main Zone over a strike length of about 1,700 metres, with thicknesses of 0.5 m to 30 metres (average width of 7.6 metres) and a high-grade core with an average width of 1.9 metres.
Treasury Metals also has royalty revenue from Sierra Minerals’ (TSX: SIM) Cerro Colorado Mine in Mexico and other monetizable assets. Treasury Metals has a strong shareholder base and its management team and board are seasoned mining industry veterans with proven track records.
Technical information in this press release has been reviewed and approved by Scott Jobin-Bevans, Treasury Metals’ President and CEO, who is a qualified person under the definitions established by National Instrument 43-101. For additional information on Treasury Metals and its projects, please visit the Company’s website at www.treasurymetals.com.
Forward-looking Statements
Securities regulators encourage companies to disclose forward-looking information to help investors understand a company’s future prospects. This press release contains statements about our future financial condition, results of operations and business. These are “forward-looking” because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.
Contacts: Treasury Metals Inc. Wanda Cutler 416.603.4646 www.treasurymetals.com
SOURCE: Treasury Metals Inc.
http://www.treasurymetals.com
Caliche,
Sorry for the redundancy but I’m not sure exactly where to leave this question as to make sure see it.
The question is: your ‘worst-case-scenario’ for Oromin on BUYOUT and pricing would be…..? I’m trying to get perspective from the other side of this investment and my last question regarding BUYOUT pricing was met with nothing but euphoria, which is great but the other side must be considered. If you have time to reply I’d appreciate.
Andy
Worst case scenario…
$0.00
Not probable, but never know… its a penny stock, high risk.
h1
I just read a Otto news release andt they state that they will not spend any more money on Argentina. I wonder what chance we have that a different company will come in and take over? Chet did say there are several areas to explore and the Argentine government is pushing exploration.
Argentine government is pushing exploration….Wouldn’t you?Well possibly it took only about 7 years for the company to drill the first hole.Some of us might not be around long enough to see the next..Just kidding..Take LGD & MMR two dead dogs in their fold?MMR has just supposedly completed a .15 PP..and the stock is being offered at .13..What I am getting at is some invesrters have’t much faith in the company’s management and it seems the insiders don’t either?But this comapny has possible resources and next to a major in Nevada?They cannot even muster any interest..If you were a gambling person would you bet on these any of these companies?Just thinking out loud..I wonder if Chet has the time to read the blog?dsh
Yes and I have.
What happen to the Buzz about some talks w/ Ole and others? I dont get it?
Absolutely no info any where? Is it dead? Certainly hope not.
BTW…. i saw that Rangold and Anglo Gold bought more of Moto Mines. Like own 70 % now. They were names mentioned interested in our deal.
If any one is here anymore,,,, would encourage any and all useful info or insights. We, as the poor and forgotten shareholders could use it.
Sorry Goldfather but regarding Randgold this is not encouraging:
“Increasing its stake in the Moto Gold Project through the Acquisition is in line with Randgold’s growth strategy of creating value by developing discoveries rather than paying a premium for established operations. As a result of the Acquisition, Randgold will dedicate the same management time and expertise that will be required to develop the Moto Gold Project, but will be able to leverage this intellectual capital over a larger economic interest in the project, increasing the return for its shareholders.”
Looks like their strategy is to be tight fisted in their acquisitions (no premium).
“Commenting on the Acquisition, Mark Bristow, Randgold’s chief executive said: “This transaction builds on the recent successful acquisition of Moto with our partner AngloGold. We see a great value opportunity in the Moto Gold Project, which is one of the largest undeveloped gold deposits in Africa and has the potential to become a truly world-class asset alongside our other recent discoveries. It marks our expansion into a new and exciting gold belt and whilst the project is not without its challenges, the Randgold capital projects team which will be responsible for the Moto Gold Project is the same one which has successfully developed the Morila and Loulo mines in Mali and is currently building the Tongon mine in Côte d’Ivoire.””
Keeping quiet about the new and exciting gold belt in Senegal and the Oromin concession which has the potential to become a world-class asset, Mr. Bristow?
http://www.randgoldresources.com/randgold/view/randgold/en/page6111?oid=8377&sn=2009%20detail&pid=5948
goldfather, to try to answer you question about the worst case scenario. $100 per ounce for 3 million ounces with no premium for potential. That’s about $1.25 per share for Oromin’s 43%. OUCH!
If between now & 2Q/2010 more great drill holes are released and especially one or more super holes in the high-grade deposits, perceptions could change dramatically and “potential” could start to have some serious value. On the other hand if they start to run out of money again and have to sell yet more shares, the 100 million shares plus fully diluted that are already outstanding could really stink things up.
i am so confused….
is there a “legit” explanation for the POS?
what I do understand, 43.5%, lazy ass management, risk of running out of cash (again).
What i don’t understand, selling in the 90 cent range, and everything else…
is there something else “out there”?, a reason for no movement on great gold days like today?
I really wish “they” were artificially suppressing the share price but i don’t buy that.
Topof the ridge….
i dont get it either. Gold prices soaring…. news articles saying majors are looking for good Jr companies w/ proven gold,,, and good management . But we sit at the current low sp.
I jusst dont get it. Never hear a word from mgmt either.
I suggested to Caliche( sorry) that caliche visit the ofc, and w/ an appt…. discuss many items w/ the company. Perhaps they will address many issues that we have. I bet they will do it w/ caliche…if he will do it. Namely…. when can we get a b/o…. and get all us out of this stock????
Does anyone have any info on what is going on with this stock. NOW, I do understand – I have not seen any movement in other Jr. Golds either really, but then again – I have nit seen the type of news we have sparingly had also???
Anything of value would be greatly appreciated…. I am so tired of being excited and then depressed over this stock. I have numerous other holdings and this is the only one that gives me a headache and frustration like this!
Thanks
DW
Comment by arlene2 on October 30, 2009 6:51 AM
Re Santa Rosa and Otto Energy…………..In an announcement dated Oct. 30 , 2009 , Otto stated that they will NOT do any further oil exploration in this area……..No word from Oromin , as usual…
This post was on another blog… I would like to know the answer to this if anybody has any information to this Blog.
DW
DW:
On the CC, Chet stated that they would not be doing any more drilling on there own, but was looking for a JV Partner…
G1
DW:
On the CC, Chet stated that they would not be doing any more drilling on there own, but was looking for a JV Partner…
G1
Okay – So do I gather that this means OTTO is out of the picture and will not share on anything in the event there is something black in the ground? I also am assuming that CC is Conferance Call? Is there anywher that this information can be found in hard copy?
Thanks for the info….Maybe this could be a good thing long term??? I DUNNO ANYMORE!!
DW
I just heard from a friend to OTTO and they have heard nothing about the OTTO/OLE deal being dead.
Does nayone know where this data can be found in hard copy that the deal is dead on the oil drill by OTTO????
Thanks
DW
Depth By Price
Bid
Orders Volume Price
1 5,000 0.92
1 5,000 0.91
2 5,000 0.90
3 9,500 0.89
2 7,500 0.88
Ask
Price Volume Orders
0.97 1,000 1
0.98 5,000 1
0.99 5,000 3
1.00 2,500 1
1.03 4,500 2……Depth Vancouver time 7:44.I hope share holders are more concerned with gold then the oil project..I wouldn’t WASTE another nickel of your money on it..just my opinion.dsh
Depth By Price
Bid
Orders Volume Price
1 5,000 0.91
1 2,000 0.90
2 8,000 0.89
3 10,500 0.88
2 20,000 0.87
Ask
Price Volume Orders
0.93 4,500 1
0.95 5,500 2
0.96 8,000 2
0.97 8,000 2
0.98 5,000 1………..Depth Vancouver time 12:40..dsh
Did anyone get the news Oromin selling more shares? This is getting painful.
AB